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5525 Buffaloe Rd 8.14 Acres of Commercial Land Offered at $2,600,000 in Raleigh, NC 27616
EXECUTIVE SUMMARY
Excellent location for Daycare. Property is surrounded by single family detached homes.
8.14 Acres located less than 2 miles from I540 and less than 3 miles from Capital Blvd. Current zoning is R-1. Current use is residential and horse facility. Zoning allows for Daycare, Senior Living or Rest Home Facility as a ''Special Use'' without rezoning. Property has a 2600 square foot home with multiple pastures, horse barn, and other buildings that could be used for a horse facility. Current zoning would allow for additional homesite.
312 foot of road frontage on Buffaloe Road. Traffic count 13,000 VPD.
Convenient access to Restaurants, Retail, and multiple Service-Related businesses.
Directions:
From I540 take the Buffaloe Road exit west for approximately 2 miles. Property will be on the right. From Capital Blvd take New Hope Road. Cross over Hwy 401. Take left on Buffaloe Road. 1.3 miles property will be on the left.
8.14 Acres located less than 2 miles from I540 and less than 3 miles from Capital Blvd. Current zoning is R-1. Current use is residential and horse facility. Zoning allows for Daycare, Senior Living or Rest Home Facility as a ''Special Use'' without rezoning. Property has a 2600 square foot home with multiple pastures, horse barn, and other buildings that could be used for a horse facility. Current zoning would allow for additional homesite.
312 foot of road frontage on Buffaloe Road. Traffic count 13,000 VPD.
Convenient access to Restaurants, Retail, and multiple Service-Related businesses.
Directions:
From I540 take the Buffaloe Road exit west for approximately 2 miles. Property will be on the right. From Capital Blvd take New Hope Road. Cross over Hwy 401. Take left on Buffaloe Road. 1.3 miles property will be on the left.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,600,000 | Lot Size | 8.14 AC |
| Price Per AC | $319,410.32 |
| Price | $2,600,000 |
| Price Per AC | $319,410.32 |
| Lot Size | 8.14 AC |
Two Parcels being sold together as 8.14 Acres
DESCRIPTION
8.14 Acres consisting of two parcels. Less than 2 miles from I540. Convenient access to Restaurants, Retail, & Service related businesses. Traffic Count 13,000 VPD (2025) Located less than 3 miles from Capital Blvd Ideal Site for Multi-family, Daycare, Rest Home, Horse Farm
PROPERTY TAXES
| Parcel Number | 1735.06-49-6692-000 | Improvements Assessment | $0 |
| Land Assessment | $38,220 | Total Assessment | $38,220 |
PROPERTY TAXES
Parcel Number
1735.06-49-6692-000
Land Assessment
$38,220
Improvements Assessment
$0
Total Assessment
$38,220
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5525 Buffaloe Rd
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